Consolidation of Credit Card Bill Payments, Credit Counselling Services, Options and Debt Solutions in Winnipeg, Manitoba | Canada
Are you looking for consolidation credit card payment solutions in Winnipeg to get rid of your debt and money worries?
Exploring consolidation options that reduce or eliminate interest on your credit cards and debts will help you get back on track with one affordable monthly payment.
Free credit counselling services are available in Winnipeg, Manitoba to help you find debt repayment solutions and alternatives to bankruptcy.
Credit Counselling Services Assist with Credit Consolidation & Bill Payments
Even if previously you’ve consolidated debt, credit counselling services in Canada, provided by an accredited not-for-profit organization like the Credit Counselling Society can assist you. A trained Credit Counsellor will help ease your worries about your debts.
|Global News interviews Julia Fletcher
after she consolidates and pays off
her debt with help from the
Credit Counselling Society.
Watch the News Segment
|CTV uncovers how Dan Robinson
paid off $30,000 in debt with no
interest with the assistance of
the Credit Counselling Society.
See the News Story
During a no cost, confidential appointment, your Credit Counsellor will review your overall circumstances. They will ask you about your budget and expenses, your debts, as well as about your future goals. Once they know more about you, they will share options and solutions with you so that you can decide how best to deal with your debts.
Contact us now to ask us your questions or to book an appointment, or read on for more information.
Debt Solutions, Explained by a Credit Counsellor
There are a number of options for credit consolidation that are accessible in Canada through not-for-profit credit counselling services which are not offered through your credit union, bank or any other lenders.
Debt Repayment Program to Consolidate Credit & Debt Payments
Canadian credit counselling services, like our non-profit Society, nomoredebts.org, offer a debt management program. Getting back in control of your money is easier with our debt management program because it is based on your budget.
Depending on the types of debts you have, how much owe, your assets, and what’s left in your budget each month, the program might be what you need to consolidate your unsecured debt payments. Our Counsellors also know that you still need some money to live and maintain a reasonable lifestyle.
A debt management program arranged by the Credit Counselling Society is supported by your creditors. Your creditors will accept reduced payments and most of them will waive or substantially reduce ongoing interest charges while you make your payments. This saves you thousands of dollars.
If consolidating your payments through a debt management program is an option for you, your Credit Counsellor will explain exactly how it works.
Debt Consolidation Loans
Your Credit Counsellor will give you information about why a loan may or may not work for you, and what to do if you think you might have trouble making the payments.
Borrowing more money to pay off what you already owe on your credit cards and unsecured debts might sound like a good idea, but for some people, it just gets them further into debt. Based on your credit rating, your lender may be able to offer you a consolidation loan. Either with the help of a co-signer, or not, this would let you pay off your other debts.
Before you think about using a consolidation loan to get out of debt, create a budget. You need to know if you can manage the payments for a few years. During this time, you will still need to save money to pay for unplanned expenses that you would have charged on a credit card when you had one.
Settling Your Debts
Debt settlement is an option if your creditors will accept a lump sum of money, rather than all of what you owe.
Offering to repay less than what you owe is an option if your creditors are willing to write off the remaining balances on your debts. In some situations, this could be a good idea. However, creditors won’t accept your offer if they believe that you can afford the full payments.
If a debt settlement is a good solution for your debt problems, your Credit Counsellor will explain what you need to know and answer your questions. Part of coming up with the lump sum of money might mean selling assets, redeeming investments, or asking for help from family and friends.
Legal Options to Deal with Debt in Canada
Sometimes legal solutions for debt are needed. The Bankruptcy and Insolvency Act governs legal debt solutions in Canada.
Resolving your debts with the help of the Courts may be your best option. This will depend on what you owe, the nature of your debts, what you own and where you live. Both legal debt resolutions – Consumer Proposals and bankruptcies, are offered through licensed trustees.
Before you make an appointment to talk to a trustee, ask your Debt Counsellor for help. Your appointment will be easier if you already know your budget outline, and have a full understanding of your options and situation.
A Consumer Proposal will arrange your repayment for part of what you owe over a 2 – 5 year period. This may be a better option than filing for bankruptcy, which can have severe, long-term consequences.
Find out more about Consumer Proposals by contacting a trustee, or click here.
Get more information about how to avoid declaring bankruptcy here.
How to Get Help to Consolidate Credit with Credit Counselling Services in Winnipeg, Manitoba
To find out how credit consolidation and credit counselling services and options in Winnipeg, Manitoba can help you deal with your debts, contact us now by phone, anonymous online chat, or by email. We will answer your questions and make a no-obligation, free, confidential appointment for you to speak with one of our qualified, friendly Credit Counsellors.
You’ll feel better and have less stress once you know what you can do about your debt and money problems. There is a solution to being in debt, and it starts with looking at your options. Contact us now at 204-942-8789. We’re happy to help you.
Suite 611 - 428 Portage Avenue
Winnipeg, MB R3C 0E2